Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Consolidating Statements Of Operations

Condensed Consolidating Statements of Operations

For the Year Ended December 31, 2012

										Non-
	Elan			Parent			Guarantor			Guarantor			Elimination			Discontinued
	Finance plc			Company			Subsidiaries			Subsidiaries			Adjustments			Operations			Consolidated
	(In millions)
Continuing Operations
Revenue	$	—		$	—		$	2,247.6		$	0.7		$	(1,045.5	)	$	(1,202.6	)	$	0.2
Cost of sales		—			—			1,406.0			—			(750.3	)		(655.5	)		0.2
Gross margin		—			—			841.6			0.7			(295.2	)		(547.1	)		—
Operating expenses:
Selling, general and administrative expenses		—			51.6			226.7			6.2			(55.7	)		(115.2	)		113.6
Research and development expenses		—			—			402.8			25.0			(239.5	)		(93.3	)		95.0
Other net charges/(gains)		—			—			172.8			0.3			—			(4.2	)		168.9
Net loss on divestment of business		—			17.1			0.8			—			—			(17.9	)		—
Total operating expenses		—			68.7			803.1			31.5			(295.2)			(230.6	)		377.5
Operating (loss)/income		—			(68.7	)		38.5			(30.8	)		—			(316.5	)		(377.5	)
Share of net losses of subsidiaries		—			(304.0	)		—			—			304.0			—			—
Net interest and investment (gains)/losses		(0.7	)		—			366.4			10.5			—			(20.5	)		355.7
Income/(loss) before provision for income taxes		0.7			(372.7	)		(327.9	)		(41.3	)		304.0			(296.0	)		(733.2	)
Provision for/(benefit from) income taxes		0.2			—			(300.0	)		—			—			(60.7	)		(360.5	)
Net income/(loss) from continuing operations	$	0.5		$	(372.7	)	$	(27.9	)	$	(41.3	)	$	304.0		$	(235.3	)	$	(372.7	)
Discontinued Operations
Net income from discontinued operations (net of tax)		—			235.3			—			—			(235.3	)		235.3			235.3
Net income/(loss) for the year	$	0.5		$	(137.4	)	$	(27.9	)	$	(41.3	)	$	68.7		$	—		$	(137.4	)

Condensed Consolidating Statements of Operations

For the Year Ended December 31, 2011

										Non-
	Elan			Parent			Guarantor			Guarantor			Elimination			Discontinued
	Finance plc			Company			Subsidiaries			Subsidiaries			Adjustments			Operations			Consolidated
	(In millions)
Continuing Operations
Revenue	$	—		$	—		$	2,083.4		$	—		$	(837.4	)	$	(1,242.0	)	$	4.0
Cost of sales		—			—			1,277.8			—			(638.1	)		(638.9	)		0.8
Gross margin		—			—			805.6			—			(199.3	)		(603.1	)		3.2
Operating expenses:
Selling, general and administrative expenses		—			43.5			235.3			5.1			(55.2	)		(121.5	)		107.2
Research and development expenses		—			—			352.6			22.8			(142.9	)		(125.7	)		106.8
Net gain on divestment of businesses		—			—			(585.9	)		(67.0	)		—			652.9			—
Other net (gains)/charges		—			—			(41.0	)		—			(1.2	)		66.5			24.3
Total operating expenses		—			43.5			(39.0	)		(39.1	)		(199.3	)		472.2			238.3
Operating (loss)/income		—			(43.5	)		844.6			39.1			—			(1,075.3	)		(235.1	)
Share of net gains/(losses) of subsidiaries		—			(410.0	)		—			—			410.0			—			—
Net interest and investment losses/(gains)		0.1			—			243.0			(11.0	)		—			(1.7	)		230.4
(Loss)/income before provision for income taxes		(0.1	)		(453.5	)		601.6			50.1			410.0			(1,073.6	)		(465.5	)
(Benefit from)/provision for income taxes		(0.1	)		—			47.7			—			—			(59.6	)		(12.0	)
Net income/(loss) from continuing operations	$	—		$	(453.5	)	$	553.9		$	50.1		$	410.0		$	(1,014.0	)	$	(453.5	)
Discontinued Operations
Net income from discontinued operations (net of tax)		—			1,014.0			—			—			(1,014.0	)		1,014.0			1,014.0
Net income/(loss) for the year	$	—		$	560.5		$	553.9		$	50.1		$	(604.0	)	$	—		$	560.5

Condensed Consolidating Statements of Operations

For the Year Ended December 31, 2010

										Non-
	Elan			Parent			Guarantor			Guarantor			Elimination			Discontinued
	Finance plc			Company			Subsidiaries			Subsidiaries			Adjustments			Operations			Consolidated
	(In millions)
Continuing Operations
Revenue	$	—		$	—		$	1,891.8		$	—		$	(722.1	)	$	(1,125.6	)	$	44.1
Cost of sales		—			—			1,071.6			—			(488.3	)		(571.1	)		12.2
Gross margin		—			—			820.2			—			(233.8	)		(554.5	)		31.9
Operating expenses:
Selling, general and administrative expenses		—			62.8			239.8			5.2			(53.1	)		(130.5	)		124.2
Research and development expenses		—			—			429.8			9.1			(180.2	)		(130.2	)		128.5
Settlement reserve charge		—			—			206.3			—			—			—			206.3
Net gain on divestment of businesses		—			—			(1.0	)		—			—			—			(1.0	)
Other net charges/(gains)		—			0.9			56.4			(0.5	)		(0.5	)		(3.5	)		52.8
Total operating expenses		—			63.7			931.3			13.8			(233.8	)		(264.2	)		510.8
Operating (loss)/income		—			(63.7	)		(111.1	)		(13.8	)		—			(290.3	)		(478.9	)
Share of net gains/(losses) of subsidiaries		—			(497.6	)		—			—			497.6			—			—
Net interest and investment (gains)/losses		(1.2	)		—			141.0			(5.8	)		—			0.6			134.6
Income/(loss) before provision for income taxes		1.2			(561.3	)		(252.1	)		(8.0	)		497.6			(290.9	)		(613.5	)
Provision for/(benefit from) income taxes		0.3			—			1.8			—			—			(54.3	)		(52.2	)
Net income/(loss) from continuing operations	$	0.9		$	(561.3	)	$	(253.9	)	$	(8.0	)	$	497.6		$	(236.6	)	$	(561.3	)
Discontinued Operations
Net income from discontinued operations (net of tax)		—			236.6			—			—			(236.6	)		236.6			236.6
Net income/(loss) for the year	$	0.9		$	(324.7	)	$	(253.9	)	$	(8.0	)	$	261.0		$	—		$	(324.7	)

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

For the Year Ended December 31, 2012

								Non-
	Elan			Parent		Guarantor		Guarantor		Elimination
	Finance plc			Company		Subsidiaries		Subsidiaries		Adjustments			Consolidated
	(In millions)
ASSETS
Current Assets:
Cash and cash equivalents	$	2.7		$	0.1	$	412.3	$	16.2	$	—		$	431.3
Restricted cash — current		—			—		2.6		—		—			2.6
Accounts receivable, net		—			—		193.5		—		—			193.5
Assets held for sale		—			—		113.8		—		106.3			220.1
Investment securities — current		—			—		1.1		166.8		—			167.9
Inventory		—			—		25.1		—		(25.1	)		—
Intercompany receivables		5.3			2,979.0		4,308.2		638.7		(7,931.2	)		—
Deferred tax assets — current		0.2			—		380.7		—		—			380.9
Prepaid and other current assets		—			—		13.2		—		—			13.2
Total current assets		8.2			2,979.1		5,450.5		821.7		(7,850.0	)		1,409.5
Property, plant and equipment, net		—			—		12.7		—		—			12.7
Goodwill and other intangible assets, net		—			—		3.0		—		96.0			99.0
Equity method investment		—			—		—		14.0		—			14.0
Investment securities — non-current		—			—		8.6		—		—			8.6
Investments in subsidiaries		—			—		12,545.2		—		(12,545.2	)		—
Restricted cash — non-current		—			—		13.7		—		—			13.7
Intercompany receivables		588.0			—		7,241.9		1.1		(7,831.0	)		—
Deferred tax assets — non-current		0.3			—		64.3		—		—			64.6
Other assets		11.8			—		6.3		—		—			18.1
Total assets	$	608.3		$	2,979.1	$	25,346.2	$	836.8	$	(28,130.2	)	$	1,640.2
LIABILITIES AND SHAREHOLDERS’ EQUITY/(DEFICIT)
Current Liabilities:
Accounts payable	$	—		$	—	$	45.6	$	—	$	—		$	45.6
Accrued and other current liabilities		9.6			0.1		302.7		0.1		1.6			314.1
Intercompany payables		0.1			2,147.2		6,268.0		160.5		(8,575.8	)		—
Total current liabilities		9.7			2,147.3		6,616.3		160.6		(8,574.2	)		359.7
Long term debts		600.0			—		—		—		—			600.0
Intercompany payables		—			174.5		11,834.8		—		(12,009.3	)		—
Other liabilities		—			39.1		23.2		—		—			62.3
Total liabilities		609.7			2,360.9		18,474.3		160.6		(20,583.5	)		1,022.0
Shareholders’ equity/(deficit)		(1.4	)		618.2		6,871.9		676.2		(7,546.7	)		618.2
Total liabilities and shareholders’ equity/(deficit)	$	608.3		$	2,979.1	$	25,346.2	$	836.8	$	(28,130.2	)	$	1,640.2

Condensed Consolidating Balance Sheets

For the Year Ended December 31, 2011

								Non-
	Elan			Parent		Guarantor		Guarantor		Elimination
	Finance plc			Company		Subsidiaries		Subsidiaries		Adjustments			Consolidated
	(In millions)
ASSETS
Current Assets:
Cash and cash equivalents	$	1.8		$	0.8	$	265.7	$	3.4	$	—		$	271.7
Restricted cash — current		—			—		2.6		—		—			2.6
Accounts receivable, net		—			—		167.7		—		—			167.7
Investment securities — current		—			—		0.3		—		—			0.3
Inventory		—			—		42.2		—		(18.4	)		23.8
Intercompany receivables		22.8			2,964.0		3,646.3		140.3		(6,773.4	)		—
Deferred tax assets — current		0.1			—		26.1		—		—			26.2
Prepaid and other current assets		—			—		25.7		—		—			25.7
Total current assets		24.7			2,964.8		4,176.6		143.7		(6,791.8	)		518.0
Property, plant and equipment, net		—			—		83.2		—		—			83.2
Goodwill and other intangible assets, net		—			—		107.0		—		202.9			309.9
Equity method investment		—			—		130.6		545.2		—			675.8
Investment securities — non-current		—			—		9.8		—		—			9.8
Investments in subsidiaries		—			—		12,545.6		—		(12,545.6	)		—
Restricted cash — non-current		—			—		13.7		—		—			13.7
Intercompany receivables		588.4			—		7,021.6		1.1		(7,611.1	)		—
Deferred tax assets — non-current		0.6			—		123.5		—		(5.2	)		118.9
Other assets		11.1			—		13.3		—		0.1			24.5
Total assets	$	624.8		$	2,964.8	$	24,224.9	$	690.0	$	(26,750.7	)	$	1,753.8
LIABILITIES AND SHAREHOLDERS’ EQUITY/(DEFICIT)
Current Liabilities:
Accounts payable	$	—		$	—	$	46.4	$	—	$	—		$	46.4
Accrued and other current liabilities		11.4			0.1		210.6		—		7.8			229.9
Intercompany payables		0.2			1,975.4		5,446.6		5.7		(7,427.9	)		—
Total current liabilities		11.6			1,975.5		5,703.6		5.7		(7,420.1	)		276.3
Long term debts		615.0			—		—		—		—			615.0
Intercompany payables		—			175.3		11,614.9		—		(11,790.2	)		—
Other liabilities		—			12.2		53.7		—		(5.2	)		60.7
Total liabilities		626.6			2,163.0		17,372.2		5.7		(19,215.5	)		952.0
Shareholders’ equity/(deficit)		(1.8	)		801.8		6,852.7		684.3		(7,535.2	)		801.8
Total liabilities and shareholders’ equity/(deficit)	$	624.8		$	2,964.8	$	24,224.9	$	690.0	$	(26,750.7	)	$	1,753.8

Condensed Consolidating Statements Of Cash Flows

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2012

										Non-
	Elan			Parent			Guarantor			Guarantor			Elimination
	Finance plc			Company			Subsidiaries			Subsidiaries			Adjustments		Consolidated
	(In millions)
Cash flows from operating activities:
Net cash provided by/(used in) operating activities	$	95.5		$	(21.5	)	$	36.5		$	(55.2	)	$	—	$	55.3
Cash flows from investing activities:
Purchase of property, plant and equipment		—			—			(10.3	)		—			—		(10.3	)
Purchase of intangible assets		—			—			(1.8	)		—			—		(1.8	)
Purchase of investment securities		—			—			(0.7	)		—			—		(0.7	)
Funding of equity method investment in Janssen AI		—			—			(76.9	)		—			—		(76.9	)
Receipt of deferred consideration		—			—			12.0			—			—		12.0
Proceeds from sale of equity method investment		—			—			—			380.9			—		380.9
Net cash (used in)/provided by investing activities		—			—			(77.7	)		380.9			—		303.2
Cash flows from financing activities:
Cash distribution to Prothena Corporation, plc		—			(99.0	)		—			(26.0	)		—		(125.0	)
Proceeds from employee stock issuances		—			20.8			—			—			—		20.8
Repayment of loans		(682.5	)		—			—			—			—		(682.5	)
Net proceeds from debt issuances		587.9			—			—			—			—		587.9
Loans to group undertakings		—			99.0			187.9			(286.9	)		—		—
Repayment of government grants		—			—			—			—			—		—
Net cash (used in)/provided by financing activities		(94.6	)		20.8			187.9			(312.9	)		—		(198.8	)
Effect of exchange rate changes on cash		—			—			(0.1	)		—			—		(0.1	)
Net increase/(decrease) in cash and cash equivalents		0.9			(0.7	)		146.6			12.8			—		159.6
Cash and cash equivalents at beginning of year		1.8			0.8			265.7			3.4			—		271.7
Cash and cash equivalents at end of year	$	2.7		$	0.1		$	412.3		$	16.2		$	—	$	431.3

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2011

										Non-
	Elan			Parent			Guarantor			Guarantor			Elimination
	Finance plc			Company			Subsidiaries			Subsidiaries			Adjustments		Consolidated
	(In millions)
Cash flows from operating activities:
Net cash provided by/(used in) operating activities	$	697.4		$	(5.8	)	$	(826.2	)	$	14.4		$	—	$	(120.2	)
Cash flows from investing activities:
Decrease in restricted cash		—			—			206.8			—			—		206.8
Proceeds from disposal of property, plant and equipment		—			—			1.3			—			—		1.3
Purchase of property, plant and equipment		—			—			(27.3	)		—			—		(27.3	)
Purchase of intangible assets		—			—			(2.5	)		—			—		(2.5	)
Purchase of equity method investment		—			—			—			(20.0	)		—		(20.0	)
Purchase of non-current investment securities		—			—			(0.6	)		—			—		(0.6	)
Sale of investment securities		—			—			2.8			—			—		2.8
Proceeds from business disposals		—			—			500.0			—			—		500.0
Net cash used in investing activities		—			—			680.5			(20.0	)		—		660.5
Cash flows from financing activities:
Proceeds from employee stock issuances		—			6.3			—			—			—		6.3
Repayment of loans		(697.3	)		—			—			—			—		(697.3	)
Net proceeds from debt issuances		—			—			—			—			—		—
Loans to group undertakings		—			—			132.1			(132.1	)		—		—
Repayment of government grants		—			—			—			—			—		—
Net cash provided by/(used in) financing activities		(697.3	)		6.3			132.1			(132.1	)		—		(691.0	)
Effect of exchange rate changes on cash		—			—			(0.1	)		—			—		(0.1	)
Net increase/(decrease) in cash and cash equivalents		0.1			0.5			(13.7	)		(137.7	)		—		(150.8	)
Cash and cash equivalents at beginning of year		1.7			0.3			279.4			141.1			—		422.5
Cash and cash equivalents at end of year	$	1.8		$	0.8		$	265.7		$	3.4		$	—	$	271.7

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2010

										Non-
	Elan			Parent			Guarantor			Guarantor			Elimination
	Finance plc			Company			Subsidiaries			Subsidiaries			Adjustments		Consolidated
	(In millions)
Cash flows from operating activities:
Net cash provided by/(used in) operating activities	$	259.8		$	(5.0	)	$	(176.2	)	$	(10.4	)	$	—	$	68.2
Cash flows from investing activities:
Decrease in restricted cash		—			—			(191.4	)		—			—		(191.4	)
Proceeds from disposal of property, plant and equipment		—			—			0.1			—			—		0.1
Purchase of property, plant and equipment		—			—			(40.9	)		—			—		(40.9	)
Purchase of intangible assets		—			—			(3.6	)		—			—		(3.6	)
Purchase of non-current investment securities		—			—			(0.9	)		—			—		(0.9	)
Sale of investment securities		—			—			16.4			—			—		16.4
Proceeds from business disposals		—			—			4.3			—			—		4.3
Net cash used in investing activities		—			—			(216.0	)		—			—		(216.0	)
Cash flows from financing activities:
Proceeds from employee stock issuances		—			1.8			—			—			—		1.8
Repayment of loans		(455.0	)		—			—			—			—		(455.0	)
Net proceeds from debt issuances		187.1			—			—			—			—		187.1
Intercompany investments/capital contributions		—			—			(0.9	)		0.9			—		—
Loans to group undertakings		—			—			251.0			(251.0	)		—		—
Repayment of government grants		—			—			—			—			—		—
Net cash provided by/(used in) financing activities		(267.9	)		1.8			250.1			(250.1	)		—		(266.1	)
Effect of exchange rate changes on cash		—			—			(0.1	)		—			—		(0.1	)
Net increase/(decrease) in cash and cash equivalents		(8.1	)		(3.2	)		(142.2	)		(260.5	)		—		(414.0	)
Cash and cash equivalents at beginning of year		9.8			3.5			421.6			401.6			—		836.5
Cash and cash equivalents at end of year	$	1.7		$	0.3		$	279.4		$	141.1		$	—	$	422.5